Eaton Vance Risk-Managed Diversified Equity Income Fund

ETJ is a closed-end equity fund managed by Eaton Vance Management and listed on the NYSE. The fund invests primarily in U.S. common stocks across diversified sectors while employing a risk management overlay through options strategies. Specifically, it purchases out-of-the-money S&P 500 index put options for downside protection while simultaneously selling out-of-the-money S&P 500 index call options to generate income. The put and call options share the same expiration dates with staggered roll dates across the portfolio to manage timing risk.

The fund benchmarks its performance against both the S&P 500 Index and the Barclays U.S. Aggregate Bond Index, reflecting its dual objective of equity exposure with bond-like stability characteristics. The fund was established in July 2007 and is domiciled in the United States. Eaton Vance Management, headquartered in Boston, Massachusetts, serves as the investment adviser responsible for portfolio management and execution of the fund's strategy.